{"id":516255,"date":"2023-01-16T20:00:44","date_gmt":"2023-01-17T01:00:44","guid":{"rendered":"https:\/\/uniquehot.com\/?p=516255"},"modified":"2024-06-11T07:48:38","modified_gmt":"2024-06-11T07:48:38","slug":"shiba-inu-devs-unveil-shibarium-l2-network-beta","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-devs-unveil-shibarium-l2-network-beta\/","title":{"rendered":"Shiba Inu Devs Set To Unveil Shibarium L2 Network Beta"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The beta testnet of Shibarium will soon release, benefiting the entire Shiba Inu community. Shibarium is a layer-2 network operable on the Ethereum mainnet. After the release of Shibarium, the Shina Inu community can build and grow projects. The release of Shibarium will address the scalability, speed, and expense challenges facing the existing projects on <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-accelerates-higher-1720\/\">Ethereum.<\/a>\u00a0<\/span><\/p>\n<h2><b>Shiba Inu Shibarium Beta Testnet Release<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Shiba Inu developers will only <\/span><span style=\"font-weight: 400\">release a beta testnet<\/span><span style=\"font-weight: 400\"> version in the coming months. A testnet mimics the use cases and applications of real-world functions. Its release aims to test the network for any gaps or performance issues and assess its capabilities. Moreover, the layer two testnet aims to address the issues faced with scalability and data.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a>Whale Moves Huge Amount Of Shiba Inu Tokens As SHIB Unveils To Metaverse<\/a><\/div>\n<p><span style=\"font-weight: 400\">With this release, Shiba Inu developers wish to educate the community about a blockchain\u2019s development process from scratch. Before its release, some experts claimed Shibarium was a marketing move and a price &#8220;increase gimmick.&#8221; But the development team refutes such claims.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">After its release, <\/span><a href=\"https:\/\/twitter.com\/Shibtoken\/status\/04400132?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E11815424%7Ctwgr%5Efddc485de3843db0819aca837b3dd8eb213593f8%7Ctwcon%5Es2_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fshiba-inu-devs-to-launch-shibarium-l2-network-beta\" rel=\"nofollow\"><span style=\"font-weight: 400\">Shibarium <\/span><\/a><span style=\"font-weight: 400\">is also expected to improve the platform\u2019s transaction speed and lower its costs. The users will be able to interact with a metaverse solution, DEX, and several blockchain games.\u00a0<\/span><\/p>\n<figure id=\"attachment_516258\" aria-describedby=\"caption-attachment-516258\" style=\"width: 750px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-516258 size-jnews-featured-750\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Shiba-Inu-Graph.png?resize=750%2C319\" alt=\"Shiba Inu Graph\" width=\"750\" height=\"319\"><figcaption id=\"caption-attachment-516258\" class=\"wp-caption-text\">SHIB\/USDT Daily Chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/hstM8J8q\/?symbol=BINANCE%3ASHIBUSDT\" target=\"_blank\" rel=\"noopener nofollow\"><strong>TradingView<\/strong><\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">The ultimate goal of Shibrium is to facilitate a solution that leads to innovation and improves the DeFi security aspects of the project. <\/span><span style=\"font-weight: 400\">Today, Shiba Inu has over a $5 billion market cap, collectively obtained by SHIB, LEASH, and BONE.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The project lead and developer announced recently that the World Economic Forum wishes to work with the ecosystem. The purpose of this collaboration is to work on a global metaverse policy. Other IT giants like Facebook, <a href=\"https:\/\/uniquehot.com\/press-releases\/decentraland-mana-and-the-sandbox-sand-surge-over-20-orbeon-protocol-orbn-set-to-gain-6000-in-its-presale\/\">Sand, and Decentraland<\/a> will also be present in this global policymaking.\u00a0<\/span><\/p>\n<p>https:\/\/twitter.com\/Burrito02353106\/status\/11815424?ref_src=twsrc%5Etfw<\/p>\n<h2><b>Shiba Inu Tokenomics Depends On Shibarium\u2019s Working Mechanism<\/b><\/h2>\n<p><span style=\"font-weight: 400\">In Shibarium, the validators play an essential role. Moreover, some SHIB tokens will be burned with every transaction. The validators on Shiba Inu will <a href=\"https:\/\/uniquehot.com\/shiba-inu\/why-is-shiba-inus-bone-on-the-rise-and-is-it-time-to-get-in\/\">lock BONE<\/a> and give fuel to the Heimdall Validator.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a>Whale Moves Huge Amount Of Shiba Inu Tokens As SHIB Unveils To Metaverse<\/a><\/div>\n<p>According to the Shiba Inu developers:<\/p>\n<blockquote><p><i><span style=\"font-weight: 400\">The onboarding of these Validators will be done taking into account the experience, trust, knowledge and ensuring that these validators are committed to the health and integrity of Shibarium.<\/span><\/i><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">To become a validator, a user needs to lock 10,000 BONE. They will get rewards in the form of this token.\u00a0 <\/span><span style=\"font-weight: 400\">New network layer and collaboration with WEF, it seems that Shiba Inu is working rigorously on its development.\u00a0<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured Image from Traxer\/ Unsplash, the chart from Tradingview.com.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The beta testnet of Shibarium will soon release, benefiting the entire Shiba Inu community. Shibarium is a layer-2 network operable on the Ethereum mainnet. After the release of Shibarium, the Shina Inu community can build and grow projects. The release of Shibarium will address the scalability, speed, and expense challenges facing the existing projects on Ethereum.\u00a0 Shiba Inu Shibarium Beta Testnet Release Shiba Inu developers will only release a beta testnet version in the coming months. A testnet mimics the use cases and applications of real-world functions. Its release aims to test the network for any gaps or performance issues and assess its capabilities. Moreover, the layer two testnet aims to address the issues faced with scalability and data.\u00a0 Related Reading: Whale Moves Huge Amount Of Shiba Inu Tokens As SHIB Unveils To Metaverse With this release, Shiba Inu developers wish to educate the community about a blockchain\u2019s development process from scratch. Before its release, some experts claimed Shibarium was a marketing move and a price &#8220;increase gimmick.&#8221; But the development team refutes such claims.\u00a0 After its release, Shibarium is also expected to improve the platform\u2019s transaction speed and lower its costs. The users will be able to interact with a metaverse solution, DEX, and several blockchain games.\u00a0 The ultimate goal of Shibrium is to facilitate a solution that leads to innovation and improves the DeFi security aspects of the project. Today, Shiba Inu has over a $5 billion market cap, collectively obtained by SHIB, LEASH, and BONE.\u00a0 The project lead and developer announced recently that the World Economic Forum wishes to work with the ecosystem. The purpose of this collaboration is to work on a global metaverse policy. Other IT giants like Facebook, Sand, and Decentraland will also be present in this global policymaking.\u00a0 https:\/\/twitter.com\/Burrito02353106\/status\/11815424?ref_src=twsrc%5Etfw Shiba Inu Tokenomics Depends On Shibarium\u2019s Working Mechanism In Shibarium, the validators play an essential role. Moreover, some SHIB tokens will be burned with every transaction. The validators on Shiba Inu will lock BONE and give fuel to the Heimdall Validator.\u00a0 Related Reading: Whale Moves Huge Amount Of Shiba Inu Tokens As SHIB Unveils To Metaverse According to the Shiba Inu developers: The onboarding of these Validators will be done taking into account the experience, trust, knowledge and ensuring that these validators are committed to the health and integrity of Shibarium. To become a validator, a user needs to lock 10,000 BONE. They will get rewards in the form of this token.\u00a0 New network layer and collaboration with WEF, it seems that Shiba Inu is working rigorously on its development.\u00a0 Featured Image from Traxer\/ Unsplash, the chart from Tradingview.com.<\/p>\n","protected":false},"author":579,"featured_media":516262,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83667,86714,86155],"class_list":["post-516255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shiba-inu","tag-shiba-inu-bone","tag-shiba-inu-holders"],"acf":[],"yoast_head":"\n<title>Shiba Inu Devs Set To Unveil Shibarium L2 Network Beta<\/title>\n<meta name=\"description\" content=\"The beta testnet of Shibarium will soon release, benefiting the entire Shiba Inu community. 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